Welcome to our dedicated page for Red Rock Resorts news (Ticker: RRR), a resource for investors and traders seeking the latest updates and insights on Red Rock Resorts stock.
Red Rock Resorts, Inc. (NASDAQ: RRR) is a holding company tied to Station Casinos LLC, which operates regional casino, hotel and entertainment properties throughout the Las Vegas valley. The Red Rock Resorts news feed on this page highlights the company’s official announcements, financial updates and other material developments that can influence how investors and observers understand RRR stock and its underlying business.
News coverage for Red Rock Resorts frequently includes quarterly and annual earnings releases, where the company reports net revenues, net income, segment performance for Las Vegas operations and Native American activities, and non-GAAP measures such as Adjusted EBITDA. These releases often discuss revenue contributions from casino, food and beverage, room, development fees and other categories, as well as commentary on operating trends.
Investors can also expect conference call and earnings release date announcements, which provide details on upcoming calls, passcodes and webcast availability. These items indicate when management will discuss results and answer questions about the company’s performance and outlook.
Additional news items may describe dividend declarations on the company’s Class A common shares, special dividends, and actions related to capital allocation such as share repurchase authorizations. Disclosures from other companies, such as VICI Properties Inc., may reference partnerships or development arrangements in which affiliates of Red Rock Resorts are involved, including Native American gaming development and management projects.
By following this RRR news page, readers can review a chronological record of Red Rock Resorts’ earnings reports, conference call notices, dividend announcements and related third-party disclosures that mention the company’s role in gaming, hospitality and entertainment.
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Red Rock Resorts (NASDAQ: RRR) will announce its first quarter 2023 financial results on May 4, 2023, followed by a conference call at 4:30 p.m. ET. Investors can listen in by calling (888) 317-6003 or via a live audio webcast at www.redrockresorts.com. A replay will be available until May 18, 2023. Red Rock Resorts operates Station Casinos, which is a leading entertainment provider in Las Vegas, offering various gaming, restaurant, and entertainment amenities across numerous properties.
Red Rock Resorts (NASDAQ: RRR) reported its financial results for Q4 and full year 2022 on February 7, 2023. For Q4 2022, net revenues increased by 0.7% to $425.5 million, while net income decreased by 14.9% to $170.2 million. Adjusted EBITDA rose by 2.5% to $194.4 million. Las Vegas operations experienced a slight revenue dip to $419.6 million, with adjusted EBITDA falling to $206.9 million. For the full year, net revenues climbed 2.8% to $1.66 billion, and net income grew by 10% to $390.4 million. The company declared a quarterly dividend of $0.25 per Class A share, payable on March 31, 2023. Total debt stood at $3.0 billion with $117.3 million in cash.
Red Rock Resorts announced plans to release its financial results for the fourth quarter and full year 2022 on February 7, 2023, followed by a conference call at 4:30 p.m. ET. Investors can join the call by dialing in by 4:15 p.m. ET or access a live audio webcast at their website. A replay will be available until February 14, 2023. Red Rock Resorts, operating through its subsidiary Station Casinos, is a major entertainment provider in Las Vegas.
Red Rock Resorts has declared a special dividend of $1.00 per Class A common share, payable on December 9, 2022. This announcement was made on November 14, 2022, with a record date of November 30, 2022. Prior to the dividend, Station Holdco will distribute approximately $108.1 million to unit holders, with Red Rock expected to receive around $62.1 million. The company, a major provider of gaming and hospitality in Las Vegas, operates multiple properties and is focused on long-term growth despite uncertainties in the market.
Red Rock Resorts reported its third-quarter results, revealing net revenues of $414.4 million, nearly unchanged from $414.8 million in Q3 2021.
However, net income fell to $95.5 million, down $22.5 million year-over-year, and Adjusted EBITDA decreased 1.4% to $181.9 million. Revenues from Las Vegas operations also saw a 0.3% decline to $411.6 million. The company declared a cash dividend of $0.25 per Class A share for Q4 2022, emphasizing a stable cash distribution while managing significant debt of $2.91 billion.
Red Rock Resorts (NASDAQ: RRR) will announce its third quarter 2022 financial results on October 27, 2022. The company will host a conference call at 4:30 p.m. ET that day, featuring prepared remarks and a Q&A session. To participate, callers should dial in by 4:15 p.m. ET. An audio webcast will also be available on their website. A replay of the call can be accessed until November 3, 2022. Red Rock Resorts operates several entertainment destinations in Las Vegas, primarily through its subsidiary, Station Casinos.
Red Rock Resorts reported second-quarter 2022 financial results, with net revenues at $422.2 million, down 1% from $428.2 million in Q2 2021.
Net income decreased significantly by $110.9 million to $32.4 million, while Adjusted EBITDA fell 10% to $188.9 million compared to the prior year.
Las Vegas operations mirrored this trend, with revenues and EBITDA both declining.
The Company declared a quarterly dividend of $0.25 per share, payable on September 30, 2022.
Red Rock Resorts (NASDAQ: RRR) is set to release its second quarter 2022 financial results on August 9, 2022, followed by a conference call at 4:30 p.m. ET. Interested participants should dial in by 4:15 p.m. ET. A live audio webcast will also be available on the company's website. A replay will be accessible until August 16, 2022. Red Rock Resorts holds an indirect equity interest in Station Casinos, a leading provider of gaming and entertainment in Las Vegas.
Red Rock Resorts reported strong financial results for Q1 2022, with net revenues of $401.6 million, a 14% increase from $352.6 million in Q1 2021. The company achieved net income of $92.2 million, a significant turnaround from a net loss of $106.6 million in the same quarter last year. Adjusted EBITDA rose to $178.7 million, up 14%. Las Vegas operations generated net revenues of $399.7 million and Adjusted EBITDA of $194.6 million, marking increases of 17% and 21%, respectively. The Board declared a cash dividend of $0.25 per share for Q2 2022.